Automotive OEM Telematics Market By Offering (Hardware, Software and Services), By Application (Infotainment and Navigation, Fleet Management, Safety and Security, Diagnostics), By Vehicle Type (Passenger Vehicles, Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2023-2032
Telematics technology is used to monitor a wide range of information related to an individual vehicle or an entire fleet, which is majorly used by fleet management and automobile insurance companies. Telematics systems gather vehicle’s location, driving pattern, engine diagnostics, and vehicle activity, and this data is visualized on software platforms, which helps fleet managers to take decisions and manage resources accordingly.
The automotive OEM telematics market growth is driven by several factors, including the integration of real-time fleet monitoring systems into vehicles, the ease of integrating vehicle diagnostics, and the growth of connectivity solutions. In addition, intelligent transport system, better driver, and vehicle safety present significant opportunities for market expansion.
For this type of fleet management, AI, IoT and big data are used to gather the primary data. Additionally, techwave Consulting Inc. is using sensors which can be installed in vehicles to track high-value items. These sensors connect with the cloud and send the data real-time. In addition to vehicle and driver tracking, there are other important activities that need to be done in the field of smart fleet management. These activities include asset management, 2-way communication and driver safety and time management as well as rescheduling a delivery task. The introduction of new products and the benefits of smart fleet management such as rapid response, wide area coverage and cost reduction help vendors to become more efficient and productive, which in turn increases the demand for intelligent fleet management services that are used for automotive original equipment manufacturers (OEMs).
Smartphones have revolutionized the concept of connectivity. People expect their vehicles to do the same things as computers and smartphones. This has made adding connectivity solutions to cars a top priority for car manufacturers. Most connectivity solutions are built into modern cars and need internet service to function. Connectivity solutions can be installed in a car through embedded, integrated or tethered solutions. The auto industry is in the midst of a digital revolution. Cars are expected to completely transform into communication objects in the near future. This is expected to fuel the growth of the automotive OBD market as customers demand to stay connected even while on the go.
The automotive OEM telematics market is segmented into offering, vehicle type, application, and region. On the basis of offering, the market is segmented classified into hardware, software, and services. On the basis of vehicle type, it is categorized into passenger vehicle and commercial vehicle. By application the market is divided into infotainment and & navigation, fleet management, safety and & security, and diagnostics. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Continental AG, Maruti Suzuki, Verizon, BMW AG, Toyota Motor Corporation, Renault Group, Mercedes-Benz Group, Ford Motor Company, Nissan Motor Co., Ltd., General Motors, among others are the major players operating in the market.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive oem telematics market analysis from 2022 to 2032 to identify the prevailing automotive oem telematics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive oem telematics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive oem telematics market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy OfferingHardware
Software and Services
By ApplicationInfotainment and Navigation
Fleet Management
Safety and Security
Diagnostics
By Vehicle TypePassenger Vehicles
Commercial Vehicles
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest Of The Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersMaruti Suzuki India Limited
Verizon
TOYOTA MOTOR CORPORATION
Mercedes-Benz Group AG
Ford Motor Company
Nissan Motor Co. Ltd.
Continental AG
BMW AG
Renault Group
General Motors
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